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ASX Listed Group Unveils $1 Billion Community

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Premier Annastacia Palaszczuk has officially opened the first stage of a $1 billion retirement village in the heart of Springfield.

The Premier said the $1bn Aveo Springfield project represented a great example of well-planned community development.

“Springfield is Queensland’s fastest growing community and in 20 years’ when this development is complete, the area will be home to more than 105,000 Queenslanders,” the Premier said.

The Premier said the opening of Aveo Springfield came just in time for the community to take advantage of a new grants program to help create more inclusive, age-friendly communities.

The Palaszczuk Government has committed $1 million over the next three years through Advancing Queensland: Age-friendly community grants.

Grants made through the program will range from $25,000 up to $100,000 and will help councils, organisations, not-for-profit groups, innovators and the community turn big ideas into action to help make life better for seniors.

As Aveo’s largest project investment to date, it is set to become the country’s largest master-planned senior living community.

Aveo Springfield is located in Springfield Central’s Health City, adjacent to the Mater Private Hospital on a 10-hectare full-service site which will house 2,500 residences once complete.

As part of a 15-plus year project to meet the long term needs of residents, the retirement village will create 5400 jobs in the development stage and generate up to 580 job opportunities once complete.

Aveo Group CEO Geoff Grady said the development was a commitment to grow with older Australians by ensuring good health, greater living choices and a peace of mind to the community.

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“We know that by 2036, Springfield will boast a population of over 100,000, of which 20% will be over the age of 65 … this master-planned community will meet the growing needs of retirees wishing to reside in this beautiful region,” Mr Grady said.

The fully-integrated retirement village will include a child care centre, wellness centre, shops and cafes, providing the opportunity for all generations to come together and spend time as a family.

The interior design will incorporate generous flowing spaces, furnishable balconies, ample storage and finishes with ageing in mind, with large windows and light-filled space, neutral palettes for residents to add their personal touch, sleek kitchens and refined fixtures and fittings.

All common areas and residences will be fitted with personal emergency response systems and allow disability access.

“Greater Springfield is growing rapidly and has so much to offer people of all ages with opportunities to live, learn, work and play at the core of what makes this region a true destination of choice,” Springfield Land Corporation Chairman Maha Sinnathamby said.

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“Multi-generational living is an important and indispensable part of our master-plan and to have Aveo Springfield situated in our Health City precinct signals that we are dedicated to enhancing social and human capital in this regard.”

The first residents will move into the community from June 2017 to coincide with the launch of Stage 1A.

Project Overview

Stage One

  • 66 independent living units and a community hub overlooking the new Jazz Park.
  • Spacious one, two and three bedroom apartment options, all with balconies and ranging in size from 63 square metres to 122 square metres.

Stage Two

  • 38 Independent Living Units.
  • 36 Assisted Living Units and a 1000m2 wellness centre where residents will have access to GP’s and other health professionals such as physiotherapists, a 20 metre heated therapy pool and café.
  • Due for completion in June 2018.
  • 144-bed high care facility, due for completion in early 2019.

 

Originally Published: https://www.theurbandeveloper.com/

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Development Update: $67m Springfield Central Sports Complex

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Development Update $67m Springfield Central Sport Complex

A $67 million sporting development in Greater Springfield, an urban growth corridor located south west of Brisbane’s metropolitan area, is on track to open this year.

The developer of Greater Springfield says it is “cementing itself as one of Australia’s super sporting meccas” with its new Springfield Central Sports Complex slated to open to the public mid-year.

The new sporting facility, which neighbours Springfield Central State High School and St Peter’s Lutheran College, also joins the recent announcement of the $70 million Brisbane Lions AFLW stadium announced in January.

Development Update $67m Springfield Central Sport Complex

Springfield’s current population sits around 41,000 with this figure predicted to triple in size by 2030.

Rewind to 1992, when Greater Springfield founder Maha Sinnathamby purchased the 7000-acre parcel of land — today’s Springfield — which no developer wanted to touch.

Development Update $67m Springfield Central Sport Complex

Sinnanthamby says the region has a growing student population.

“There are currently 11,000 students in Greater Springfield, with that number expected to grow by 1200 each year moving forward,” the Springfield Land Corporation chairman said.

The developer says Greater Springfield is Australia’s first masterplanned greenfield city since Canberra, and to date it has seen $15 billion worth of infrastructure invested.

“We have a supersized CBD and an employment target of one job for every three residents,” Sinnathamby said.

The new sporting development will feature four ovals, 16 netball courts, eight fields, eight tennis courts, an athletics track as well as clubhouses and playgrounds.

Source: theurbandeveloper.com

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City Deal a $58bn ‘Game Changer’ for Southeast Queensland

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City Deal a $58bn ‘Game Changer’ for Southeast Queensland

South-east Queensland could be green-lit for the biggest “city deal” in Australia, with a $58 billion proposal to guide its growth, and the prime minister announcing his support for the major plan.

With a focus on supporting diverse sectors within the region including housing and planning, tourism, manufacturing and education, the SEQ City Deal could also pave the way for government-owned land to be opened for development.

Queensland deputy premier Jackie Trad this week released Transforming SEQ, which highlights 35 “opportunities” that could be considered as part of the future City Deal, including six “game changers” for the region.

“Modelling by KPMG has shown a SEQ City Deal could stimulate an increase of up to $58 billion in our economy by improving the productivity and competitiveness of the region,” Trad said.

‘Game Changer’ for Southeast Queensland-min

Prime minister Scott Morrison will be meeting with the SEQ Mayors and Queensland government to discuss the proposal this week.

The City Deal, which involves all three levels of government — council, state and federal — would see government working on priorities to drive the SEQ economy.

Under a City Deal plan, all three levels of government sign an agreement to set the priority infrastructure projects and initiatives.

City Deal a $58bn ‘Game Changer’ for Queensland

Integrated land-use planning approach?

Property Council chief executive Ken Morrison described the announcement as “a game-changer for the region.

“Our growing cities and urban regions are the engine rooms of the Australian economy,” Morrison said.

“The city deal model brings together all levels of government around the same plan to boost productivity and jobs through targeted investment in city-shaping projects and infrastructure.”

Property Council Queensland director Chris Mountford said the council has been collaborating with state government and SEQ councils for nearly six years on the potential for a city deal.

“The State and local governments have also agreed in principle to a more coordinated integrated land-use planning approach,”

“Opening up under-utilised government-owned land for development has also been agreed as a clear opportunity to unlock economic activity, create jobs and build business confidence.”

City Deal a $58bn ‘Game Changer’

Growing population

The region’s current 3.5 million population is forecast to increase to 5.3 million within the next 25 years, ultimately requiring an extra 800,000 homes and additional one million jobs.

Focus has been placed on the recently released people mass movement study which identifies the impact of the expected population growth on the region’s ability to cope with future transport demand.

Minister for Cities Alan Tudge said he, along with the prime minister, will be meeting with the SEQ Mayors to discuss the Deal.

“We need to cater for this rising population and the SEQ City Deal will be a huge step forward,” Tudge said.

South-east Queensland is already home to over two-thirds of the state’s population.

The region is home to nearly one in every seven Australians.

The agreement marks the second city deal for Queensland following the policy being first established in Townsville.

So far, city deals have been developed for Western Sydney, Townsville and Launceston, and a further four more are currently under negotiation in Adelaide, Hobart, Perth and Geelong.

 

Source: brisbaneinvestor.com.au

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$63b infrastructure plan to keep SEQ moving till 2041

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$63b infrastructure plan to keep SEQ moving till 2041

It’s going to cost $63.7 billion to keep South East Queensland moving over the next two decades, according to a study released today by the region’s mayors.

The population of the region is expected to grow by about 1.8 million people to more than five million people by 2041, putting extraordinary demand on the already strained transport network.

The SEQ People Mass Movement Study lists a total of 47 projects designed to keep city-to-city trips under 45 minutes and urban commutes under 30 minutes, including a faster rail network connecting the Sunshine Coast and Gold Coast via Brisbane and west to Ipswich and Toowoomba.

Brisbane Lord Mayor Graham Quirk said the infrastructure plan, coined the Strategic Transport Road Map, would keep the region “economically productive” while maintaining its liveability.

“Business as normal is not going to work, we need to increase the amount of money that is being spent in South East Queensland,” Cr Quirk said.

He said the plan would require an average expenditure of about $2.7 billion per year until 2041, which he said was “not an unrealistic figure”.

“What we are seeing in Sydney and Melbourne right now is this massive spend on infrastructure. That’s because they allowed it to get too far behind. We cannot do that in South East Queensland.”

He said there had been no shortage of plans for the region’s transport network, but it was time for all levels of government to unite with a shared vision.

Redland City mayor Karen Williams said the plan delivered the projects over a “reasonable amount of time with a reasonable amount of investment”.

“It’s not a matter of ‘can we afford this?’ It’s the fact that we can’t afford not to do it,” Cr Williams said.

Faster Rail is not as fast as high speed rail, which delivers speeds up to 350km/h, but could run at about 160km/h with top speeds of up to 200-250kmh, with limited stops.

It would be connected to the light rail networks on the Gold Coast and Sunshine Coast in order to ease congestion on major arterials.

Other projects include the Brisbane Metro, Cross River Rail and road upgrades, including the Pacific, Sunshine, Centenary, Ipswich and Logan motorways and the Bruce, Warrego and Mt Lindesay highways.

The study also took into account emerging technologies including autonomous vehicles.

It was first proposed in 2016, and began in September 2017, with the aim of bringing together multiple local, state and national transport studies into one cohesive plan.

The South East Queensland region takes in the Brisbane City, Ipswich City, Lockyer Valley Regional, Logan City, Moreton Bay, Redland City, Scenic Rim Regional, Somerset Regional, Sunshine Coast and Toowoomba Regional council areas.

Source: brisbaneinvestor.com.au

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